TSX Close: TSX in Five-Day Losing Streak on Weak Jobs Data

By MidnightTrader.com Staff,

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The Toronto stock market closed lower for the fifth consecutive session after Statistics Canada announced that Canada shed 54,500 jobs in March and the unemployment rate rose to 7.2%. U.S. jobs numbers also disappointed investors.

The S&P TSX Composite Index finished down 31 points at 12,331, after falling as low as 12,244 after the jobs figures were announced.

Sector wise, utilities, health care and telecoms were all weaker, offset by gains in energy and materials as gold stocks rebounded.

Actively traded stocks included Orbite Aluminae (ORT.TO, +27%), Enbridge (ENB.TO, -2%) and Tuscany International Drilling (TID.TO, -22%).

Commodity prices were mixed. May crude fell 0.6%, to settle at $92.70 for a weekly loss of nearly 5%. June gold added 1.5% to settle at $1,575.90. Gold prices ended the week 1.2% lower.

U.S. stocks also lost ground after the government said that far fewer Americans found jobs in March than estimated.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
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